NNS backs OCI extraordinary shareholder vote on Rembrandt II combination
The offeror said court-appointed OCI directors agreed to convene a meeting on resolutions needed to implement the proposed tie-up with Orascom Construction PLC.
NNS Holding (Cyprus) Limited said it continues to support the proposed combination of OCI Global N.V.'s business with Orascom Construction PLC, known as Rembrandt II. OCI said the directors appointed by the Enterprise Chamber consented to convene an extraordinary general meeting of shareholders to consider and vote on the resolutions required to implement the transaction. The statement was issued in connection with NNS's voluntary public offer for all issued and outstanding ordinary shares of OCI, with any formal offer to be made only through an offer memorandum approved by the AFM (Dutch financial markets regulator). NNS described itself as OCI's largest shareholder and said related offer documents are available on its website.
- AFM: Dutch financial markets regulator
- voluntary public offer: Bid to buy shareholders' stock
- Enterprise Chamber: Dutch court division for corporate disputes